TARP Plan Send Markets Soaring CURRENCY TRADING SUMMARY – 24th March 2009 (00:30GMT) ·U.S. Dollar Trading (USD) the Dow Jones surged on the back of new TARP plans to remove toxic assets off the balance sheets of banks and create private public partnerships to hold the assets. Also helping the… read more
Daily
The following is a summary of the previous day’s foreign exchange market movements in the major currencies and the commodities markets. It is meant as an informative guide to the reasons underlying currency and commodity movements seen in the previous day’s foreign exchange trading. Together with a market snapshot at close of the New York session, indicators/events released during the session are outlined compared with their expected level of influence before release. This fundamental analysis summary also highlights upcoming data/events which may influence currency movements upon their release.
You will also find a technical analysis snapshot at time of release, highlighting support and resistances of each of the major currencies and gold. Coupled together with the reasons behind these important levels, traders can expect some support or resistance when these levels are reached.
Australian FOREX Daily Outlook 20/03/2009
March 20, 2009USD loses further ground on plan to buy debt, whilst Commodities sore CURRENCY TRADING SUMMARY – 20th March 2009 (00:30GMT) ·U.S. Dollar Trading (USD) continued to lose ground on majors in further reaction to the Federal Reserve plan to buy US long term bonds, and purchase of mortgage backed securities…. read more
Australian FOREX Daily Outlook 19/03/2009
March 19, 2009FOMC Printing Money USD Slumps CURRENCY TRADING SUMMARY – 19th March 2009 (00:30GMT) ·U.S. Dollar Trading (USD) in a major market event the FOMC made the announcement that they would be buying $300bn in US Treasuries and $750bn mortgage backed securities. They maintained the Interest Rate at 0-0.25% whilst CPI… read more
Australian FOREX Daily Outlook 18/03/2009
March 18, 2009US Housing Rebounds, Equities rally CURRENCY TRADING SUMMARY – 18th March 2009 (00:30GMT) ·U.S. Dollar Trading (USD) stayed range bound for most of the day but ended on a weak footing as stocks ended at month highs. Construction stocks soared as February Housing Stocks rallied 22% to 583K vs. 450K… read more
Australian FOREX Daily Outlook 17/03/2009
March 17, 2009Stock Rally halted by AMEX CURRENCY TRADING SUMMARY – 17th March 2009 (00:30GMT) ·U.S. Dollar Trading (USD) weakened as stocks around the world remained very buoyant and US stocks tried to rally for a 5th day. Default concerns from Amex kept this event from eventuating but still most of the… read more
Australian FOREX Daily Outlook 16/03/2009
March 16, 2009Positive end to a positive Week CURRENCY TRADING SUMMARY – 16th March 2009 (00:30GMT) ·U.S. Dollar Trading (USD) closed the week on the back foot as the stock market rally continued for a 4th day and investors pared back safe haven demand for the USD. The Trade balance was better… read more
Australian FOREX Daily Outlook 13/03/2009
March 13, 2009US stocks continue to Rebound CURRENCY TRADING SUMMARY – 13th March 2009 (00:30GMT) ·U.S. Dollar Trading (USD) experienced another wave of weakness against most of the majors as Wall St rallied for the 3rd day. US Retail Sales were better than expected at -0.1% vs. -0.5% forecast. Weekly Jobless claims… read more
Australian FOREX Daily Outlook 12/03/2009
March 12, 2009USD weakens as US banks Stabilize CURRENCY TRADING SUMMARY – 12th March 2009 (00:30GMT) ·U.S. Dollar Trading (USD) accelerated the weakness seen yesterday as rays of hope emerged and global stock markets remained buoyant. During the Asian session there was a slight reprieve for the dollar as news emerged that… read more
Australian FOREX Daily Outlook 11/03/2009
March 11, 2009Biggest rally in US stocks this year CURRENCY TRADING SUMMARY – 11th March 2009 (00:30GMT) ·U.S. Dollar Trading (USD) weakened as the US stock market staged a 5% rally after Citigroup reported that the first 2 months of 2009 were profitable. Bernanke also spoke about banking reform and suggested changes… read more
Australian FOREX Daily Outlook 10/03/2009
March 10, 2009World Bank expects World Recession CURRENCY TRADING SUMMARY – 10th March 2009 (00:30GMT) ·U.S. Dollar Trading (USD) continued to test its strength against nearly all currencies as the new week offered little hope to investors. The World Bank said that the Global economy might shrink this year as the financial… read more
